I also think it is important for businesses as well that they have a climate where they can trust, you know, that inflation is going to be under control and that business conditions are going to be good and that they can invest.
Powell emphasizes the need for a stable economic climate for businesses.
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More from Jerome Powell
We do not take into account the fortunes of any political party or politician.
The public would lose faith that the central bank will make decisions based only on what’s best for all Americans.
Stopping sooner could have made some difference, but not likely enough to fundamentally alter the trajectory of the economy
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